Out of the 9 people who graduated with me with a B.S. in Atmos. Sci., two of us have full-time jobs and one has a part-time job, all as forecasters. Two of the atmos. people that went the B.A. route (out of about 6-8) have broadcast met jobs. The rest of the B.S. graduates are all in graduate school or just finished. And this was the group that graduated in one of the worst times to get into the real world in recent history.
I'm sure it's different at other schools, but that's what happened at SUNY Albany.
I did start looking in March, so it took about 10 months in total. Virtually no one was hiring entry level from March-June. I took a job-hunt hiatus for the most part in August-September, but then the job market started to open back up in October so I went for it and got in.
I stopped applying to the NWS in June... I'd like to think I saved myself a bit of time trying (EDIT: Though it is suggested that you DO keep trying!)
If you really want to look into what kinds of private sector jobs are being offered, http://www.nwas.org/jobs.php is a really good place to start. (EDIT: It looks like that will be going to a paid service in January, so get your looking in now!)
Another good site is the AMS jobs page: http://careercenter.ametsoc.org/c/search_results.cfm